Federal Reserve Chair Jerome Powell delivered a blunt message for investors who have assumed the central bank would be on cruise control toward a third rate cut in December: Not so fast.

Powell forcefully warned against assuming another rate cut is a done deal as officials navigate an economy where spending is solid but hiring has slowed. 2025-10-30 01:32:00 Nick Timiraos

Continue ReadingFederal Reserve Chair Jerome Powell delivered a blunt message for investors who have assumed the central bank would be on cruise control toward a third rate cut in December: Not so fast.

The Fed cut rates at its second meeting in a row, trying to keep a slowdown in hiring from turning into something more serious. The move drew dissent from opposing sides.

The move drew dissent from both sides. Officials also approved an end to the runoff of their Treasury holdings from their $6.6 trillion asset portfolio. 2025-10-29 18:01:00 Nick Timiraos

Continue ReadingThe Fed cut rates at its second meeting in a row, trying to keep a slowdown in hiring from turning into something more serious. The move drew dissent from opposing sides.